Berenberg Bank Trims Tullow Oil (TLW) Target Price to GBX 230

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Tullow Oil (LON:TLW) had its price target cut by Berenberg Bank from GBX 240 ($3.14) to GBX 230 ($3.01) in a research note released on Wednesday morning. They currently have a hold rating on the stock.

Other analysts have also issued reports about the company. UBS Group restated a neutral rating and issued a GBX 200 ($2.61) price target (down from GBX 240 ($3.14)) on shares of Tullow Oil in a report on Thursday, November 22nd. Jefferies Financial Group upgraded Tullow Oil to a buy rating and set a GBX 290 ($3.79) target price on the stock in a report on Monday, October 22nd. Barclays reiterated an overweight rating on shares of Tullow Oil in a report on Tuesday, December 18th. Morgan Stanley reiterated an overweight rating on shares of Tullow Oil in a report on Thursday, October 18th. Finally, JPMorgan Chase & Co. upped their target price on Tullow Oil from GBX 278 ($3.63) to GBX 292 ($3.82) and gave the stock an overweight rating in a report on Tuesday, November 20th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Tullow Oil presently has a consensus rating of Buy and an average price target of GBX 254.11 ($3.32).

Shares of Tullow Oil stock opened at GBX 201.80 ($2.64) on Wednesday. Tullow Oil has a one year low of GBX 142.30 ($1.86) and a one year high of GBX 243 ($3.18).

About Tullow Oil

Tullow Oil plc engages in the oil and gas exploration, development, and production activities. Its portfolio comprises approximately 90 licenses covering 263,820 square kilometers in 16 countries. The company was founded in 1985 and is headquartered in London, the United Kingdom.

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